- Ripple’s large-scale custody technology will assist the Dubai Land Department in its blockchain-based title deed program on the XRP Ledger.
- The XRP price approaches USD 3.00, supported by rising trading volume and high confidence of investors.
- Ctrl Alt has secured a VARA license, making it possible to tokenize and fractionally own property in Dubai under the regulatory umbrella.
DUBAI, July 16, 2025, Ripple has announced a strategic partnership with Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. Ctrl Alt will use Ripple’s institutional-grade digital asset custody technology to secure and manage tokenized real estate title deeds issued on the XRP Ledger (XRPL). This initiative marks the first time a government real estate authority in the Middle East is using a public blockchain for title deed registration.
Ripple selected Ctrl Alt as its first custody partner in the UAE, reflecting the region’s growing demand for compliant digital asset infrastructure. Ripple’s global custody network now spans areas including Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
XRP Ledger Supports Secure Title Deed Tokenization in Dubai
The DLD project aims to improve transparency and efficiency in the real estate sector through blockchain-based title deed tokenization. Ctrl Alt will provide the custody layer using Ripple’s infrastructure to ensure secure and scalable asset storage. The use of XRPL by a government entity highlights its reliability for institutional and financial applications.
The XRPL token has gained 26.59% in the past week, reaching $2.95. A consistent upward trend and a 4.04% volume-to-market cap ratio reflect increased trading activity and market engagement. Price movement has approached the $3.00 resistance level, signaling potential for further growth if momentum continues.
Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, stated that the DLD’s decision to adopt XRPL reinforces its position as a trusted blockchain platform. He emphasized the network’s scalability, low-cost transactions, and compliance readiness.
Ctrl Alt, Ripple Expand Blockchain Access in UAE Real Estate
Dubai Virtual Assets Regulatory Authority (VARA) gave Ctrl Alt its Virtual Asset Service Provider (VASP) license. The license will enable Ctrl Alt to issue and manage tokenized assets on a fully regulated platform. The company tokenized more than 325 million real-life assets in different fields.
The partnership introduces the idea of fractional ownership of property to investors, giving them more access to the Dubai real estate market. Ripple and Ctrl Alt work to increase investment flexibility without violating the law and regulations. Ripple has expanded its presence in the UAE with existing and new partnerships with Zand Bank and Mamo and DFSA authorization of its RLUSD stablecoin.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
